Our current version of capitalism - the corporate, globalized version 2.0 - is rapidly squandering our shared inheritances. Now, Peter Barnes offers a solution: protect the commons by giving it property rights and strong institutional managers.
Barnes shows how capitalism - like a computer - is run by an operating system. Our current operating system gives too much power to profit-maximizing corporations that devour our commons and distribute most of their profit to a sliver of the population. And government - which in theory should defend our commons - is all too often a tool of those very corporations.
Barnes proposes a revised operating system - Capitalism 3.0 - that protects the commons while preserving the many strengths of capitalism as we know it. His major innovation is the commons trust - a market-based entity with the power to limit use of scarce commons, charge rent, and pay dividends to everyone.
Capitalism 3.0 offers a practical alternative to our current flawed economic system. It points the way to a future in which we can retain capitalism's virtues while mitigating its vices.
Find more information on the Website of Peter Barns